1 Pfennig - Linden Hanomag

Hanomag's Linden works issued iron emergency tokens during the acute small-change shortages that plagued German industrial cities after World War I. Private firms routinely struck their own Notgeld coinage in this period because the collapse of the imperial monetary system left factory workers unable to break larger denominations for canteen purchases or tram fares. Hanomag — already pivoting from locomotive manufacture toward the tractors and automobiles that would define it through the 1920s — ran a sufficiently large workforce at Linden to make internal scrip a practical necessity rather than a novelty.